Conart Engineers Receives ₹49 Crore Work Order From Hindalco Industries

Mumbai, May 12: Conart Engineers Limited informed the exchanges that it has received a work order from Hindalco Industries Limited for yellow soil filling and compound wall work at Savli in Vadodara district, Gujarat.

The company disclosed the development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the exchange filing, the approximate value of the project stands at ₹49 crore excluding GST. The final project consideration may vary depending on changes in layout plans and additional work requirements.

As per the annexure attached with the filing, the project relates to domestic operations and will be executed in two phases. Phase 1 is scheduled for completion within four months from the date of the purchase order or letter of intent date, while Phase 2 is expected to be completed within three months after the monsoon period.

The company stated in the disclosure that standard construction industry practices would govern the terms and conditions of the contract. Conart Engineers also clarified that neither the promoter group nor related parties have any interest in the awarding entity.

Stock Market Snapshot

Conart Engineers share price rose sharply after the disclosure entered the public domain. Shares of the company were trading at ₹90.00, higher by 9.42% as of 1:45 PM IST on May 12, 2026, according to exchange data.

The stock touched ₹95.95 during the session so far against the previous close of ₹82.25. Market participants tracked the order inflow as a positive indicator for the company’s execution pipeline and near-term revenue visibility.

The work order was received on May 11, 2026, at 3:28 PM, as per the regulatory filing submitted to BSE.

Company Background

Conart Engineers Limited operates in the engineering and construction segment with activities spanning industrial civil construction and infrastructure-related execution work. The company undertakes projects involving industrial structures, site development and associated engineering services.

The latest contract from Hindalco Industries strengthens its order book exposure in Gujarat and adds to its portfolio of industrial execution projects. Hindalco Industries is part of the Aditya Birla Group and operates across aluminium and copper businesses.

Conclusion

The ₹49 crore order from Hindalco Industries marks a fresh addition to Conart Engineers’ project pipeline and triggered strong buying activity in the counter during Tuesday’s trading session.

Investors will monitor execution timelines, additional order inflows and margin visibility over the coming quarters as the company progresses with the Savli project.

Source:

• https://www.bseindia.com/stock-share-price/conart-engineers-ltd/conart/522231
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/82a29744-dcec-470f-9ad2-6b2ac4fadc30.pdf